RWE Successful in Polish Renewables Auctions
PolandRWE

RWE Successful in Polish Renewables Auctions

RWE is growing its renewables portfolio in Poland: The company secured a Contract for Difference from the Polish Energy Regulatory Office for its onshore

RWE is growing its renewables portfolio in Poland: The company secured a Contract for Difference from the Polish Energy Regulatory Office for its onshore wind project Znin, with a planned installed capacity of 48 megawatts. The onshore wind farm will be built in the north-western part of Poland. Construction work for a total of 16 turbines is anticipated to start by the end of this year. Start of commercial operation is expected by the end of 2023. In addition, RWE solar projects with a total capacity of 29 MWac received a CfD award.

Subject to the final investment decision, the installation works for the solar projects are anticipated to start next year. Commissioning is expected in late 2022. The photovoltaic plants are located in West Pomerania, Kuyavian Pomerania, Lubusz and Greater Poland – closely to RWE’s ground-mounted solar projects awarded in the 2019 auction (in total 32 MWac), as well as to existing RWE onshore wind farms.

According to the Polish Energy Regulatory Office, in the renewables energy auctions this June 1,016 out of 1,264 bids submitted for PV installations with up to 1 MW installed capacity, and 91 out of 111 bids submitted for PV and wind onshore installations above 1 MW were awarded. Minimum awarded price for <1MW installations was 207 PLN/MWh, and the auction cleared at 253.37 PLN/MWh. The auction for larger installations was undersubscribed, which resulted in awards between 179 and the maximum of 242.98 PLN/MWh.

No stories found.
SteelGuru Business News
www.steelguru.com